Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters /:
The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to changes in...
Gespeichert in:
| 1. Verfasser: | |
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| Körperschaft: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Place of publication not identified] :
International Monetary Fund,
2012.
|
| Schriftenreihe: | IMF working paper ;
WP/12/208. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to changes in the US Treasury bill rate and to the EMBI spread in recent years. The effects are more important for countries with open capital accounts. On the other hand the paper does not provide any support for the interest rate parity theory because domestic interest rates have no bearing on exchange rate movements. |
| Beschreibung: | 1 online resource : illustrations |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 1475586477 9781475586473 1475505582 9781475505580 1475558260 9781475558265 1475516932 9781475516937 |
Internformat
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| 245 | 1 | 0 | |a Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters / |c prepared by Alun Thomas. |
| 260 | |a [Place of publication not identified] : |b International Monetary Fund, |c 2012. | ||
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| 504 | |a Includes bibliographical references. | ||
| 520 | |a The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to changes in the US Treasury bill rate and to the EMBI spread in recent years. The effects are more important for countries with open capital accounts. On the other hand the paper does not provide any support for the interest rate parity theory because domestic interest rates have no bearing on exchange rate movements. | ||
| 505 | 0 | |a Cover; Contents; Abstract; I. Introduction; II. Empirical Model and Data Description; A. Model; B. Data Description; III. Regression Analysis; A. Stationarity Tests; Regression Analysis; IV. Robustness and Diagnostic Checks; A. Robustness; B. Diagnostic Checks; V. Conclusion; Tables; 1. Measures of Capital Account Openness; 2. Augmented Dickey-Fuller Test Statistics; 3. South Africa: Johansen Cointegration Trace Test Statistics and Cointegrating Vector; 4. Pedroni Residual Test Statistics for Panel Data Estimation. | |
| 505 | 8 | |a 5. Determinants of the Change in the Bilateral Exchange Rate Against U.S. dollar6. Determinants of the Change in the Nominal Effective Exchange Rate; 7. Determinants of Bilateral U.S. Dollar Exchange Rate Change-Robustness Checks; 8. Out of sample Forecasts: One Month Ahead; Figures; 1. Interest Rates (in percent) and the Nominal Exchange Rate (2007=100); References. | |
| 546 | |a English. | ||
| 650 | 0 | |a Foreign exchange rates |z Africa, Sub-Saharan. | |
| 650 | 0 | |a Interest rates |z Africa, Sub-Saharan. | |
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Datensatz im Suchindex
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| adam_text | |
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| author | Thomas, Alun H. (Alun Huw) |
| author_GND | http://id.loc.gov/authorities/names/no93029668 |
| author_corporate | International Monetary Fund. African Department |
| author_corporate_role | |
| author_facet | Thomas, Alun H. (Alun Huw) International Monetary Fund. African Department |
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| callnumber-first | H - Social Science |
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| contents | Cover; Contents; Abstract; I. Introduction; II. Empirical Model and Data Description; A. Model; B. Data Description; III. Regression Analysis; A. Stationarity Tests; Regression Analysis; IV. Robustness and Diagnostic Checks; A. Robustness; B. Diagnostic Checks; V. Conclusion; Tables; 1. Measures of Capital Account Openness; 2. Augmented Dickey-Fuller Test Statistics; 3. South Africa: Johansen Cointegration Trace Test Statistics and Cointegrating Vector; 4. Pedroni Residual Test Statistics for Panel Data Estimation. 5. Determinants of the Change in the Bilateral Exchange Rate Against U.S. dollar6. Determinants of the Change in the Nominal Effective Exchange Rate; 7. Determinants of Bilateral U.S. Dollar Exchange Rate Change-Robustness Checks; 8. Out of sample Forecasts: One Month Ahead; Figures; 1. Interest Rates (in percent) and the Nominal Exchange Rate (2007=100); References. |
| ctrlnum | (OCoLC)903698872 |
| dewey-full | 332.456096 |
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| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.456096 |
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| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| geographic | Sub-Saharan Africa fast |
| geographic_facet | Sub-Saharan Africa |
| id | ZDB-4-EBA-ocn903698872 |
| illustrated | Illustrated |
| indexdate | 2024-11-27T13:26:29Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/no93028933 |
| isbn | 1475586477 9781475586473 1475505582 9781475505580 1475558260 9781475558265 1475516932 9781475516937 |
| language | English |
| oclc_num | 903698872 |
| open_access_boolean | |
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| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource : illustrations |
| psigel | ZDB-4-EBA |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Thomas, Alun H. (Alun Huw), author. https://id.oclc.org/worldcat/entity/E39PCjCkPTkKHyw997MdWqFGRC http://id.loc.gov/authorities/names/no93029668 Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters / prepared by Alun Thomas. [Place of publication not identified] : International Monetary Fund, 2012. 1 online resource : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 data file IMF working paper ; WP/12/208 Includes bibliographical references. The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to changes in the US Treasury bill rate and to the EMBI spread in recent years. The effects are more important for countries with open capital accounts. On the other hand the paper does not provide any support for the interest rate parity theory because domestic interest rates have no bearing on exchange rate movements. Cover; Contents; Abstract; I. Introduction; II. Empirical Model and Data Description; A. Model; B. Data Description; III. Regression Analysis; A. Stationarity Tests; Regression Analysis; IV. Robustness and Diagnostic Checks; A. Robustness; B. Diagnostic Checks; V. Conclusion; Tables; 1. Measures of Capital Account Openness; 2. Augmented Dickey-Fuller Test Statistics; 3. South Africa: Johansen Cointegration Trace Test Statistics and Cointegrating Vector; 4. Pedroni Residual Test Statistics for Panel Data Estimation. 5. Determinants of the Change in the Bilateral Exchange Rate Against U.S. dollar6. Determinants of the Change in the Nominal Effective Exchange Rate; 7. Determinants of Bilateral U.S. Dollar Exchange Rate Change-Robustness Checks; 8. Out of sample Forecasts: One Month Ahead; Figures; 1. Interest Rates (in percent) and the Nominal Exchange Rate (2007=100); References. English. Foreign exchange rates Africa, Sub-Saharan. Interest rates Africa, Sub-Saharan. Taux de change Afrique subsaharienne. Taux d'intérêt Afrique subsaharienne. BUSINESS & ECONOMICS Finance. bisacsh Foreign exchange rates fast Interest rates fast Sub-Saharan Africa fast International Monetary Fund. African Department. http://id.loc.gov/authorities/names/no93028933 has work: Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters (Text) https://id.oclc.org/worldcat/entity/E39PCGFjhRykbHrQVjhFkrtBT3 https://id.oclc.org/worldcat/ontology/hasWork 1-4755-8647-7 1-4755-0558-2 IMF working paper ; WP/12/208. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568149 Volltext |
| spellingShingle | Thomas, Alun H. (Alun Huw) Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters / IMF working paper ; Cover; Contents; Abstract; I. Introduction; II. Empirical Model and Data Description; A. Model; B. Data Description; III. Regression Analysis; A. Stationarity Tests; Regression Analysis; IV. Robustness and Diagnostic Checks; A. Robustness; B. Diagnostic Checks; V. Conclusion; Tables; 1. Measures of Capital Account Openness; 2. Augmented Dickey-Fuller Test Statistics; 3. South Africa: Johansen Cointegration Trace Test Statistics and Cointegrating Vector; 4. Pedroni Residual Test Statistics for Panel Data Estimation. 5. Determinants of the Change in the Bilateral Exchange Rate Against U.S. dollar6. Determinants of the Change in the Nominal Effective Exchange Rate; 7. Determinants of Bilateral U.S. Dollar Exchange Rate Change-Robustness Checks; 8. Out of sample Forecasts: One Month Ahead; Figures; 1. Interest Rates (in percent) and the Nominal Exchange Rate (2007=100); References. Foreign exchange rates Africa, Sub-Saharan. Interest rates Africa, Sub-Saharan. Taux de change Afrique subsaharienne. Taux d'intérêt Afrique subsaharienne. BUSINESS & ECONOMICS Finance. bisacsh Foreign exchange rates fast Interest rates fast |
| title | Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters / |
| title_auth | Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters / |
| title_exact_search | Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters / |
| title_full | Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters / prepared by Alun Thomas. |
| title_fullStr | Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters / prepared by Alun Thomas. |
| title_full_unstemmed | Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters / prepared by Alun Thomas. |
| title_short | Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters / |
| title_sort | exchange rate and foreign interest rate linkages for sub saharan africa floaters |
| topic | Foreign exchange rates Africa, Sub-Saharan. Interest rates Africa, Sub-Saharan. Taux de change Afrique subsaharienne. Taux d'intérêt Afrique subsaharienne. BUSINESS & ECONOMICS Finance. bisacsh Foreign exchange rates fast Interest rates fast |
| topic_facet | Foreign exchange rates Africa, Sub-Saharan. Interest rates Africa, Sub-Saharan. Taux de change Afrique subsaharienne. Taux d'intérêt Afrique subsaharienne. BUSINESS & ECONOMICS Finance. Foreign exchange rates Interest rates Sub-Saharan Africa |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568149 |
| work_keys_str_mv | AT thomasalunh exchangerateandforeigninterestratelinkagesforsubsaharanafricafloaters AT internationalmonetaryfundafricandepartment exchangerateandforeigninterestratelinkagesforsubsaharanafricafloaters |